This will be red for about 10 mins more max then it will fly, don’t agree it will be red today with the amount of buying volume.
About £100k worth of buys just popped up, get ready for the next leg up, could be the one to take us to 1.80 and beyond now.
Still not too late Delano ....
I think there’s every chance of seeing 1p. This will turn very quickly once the next RNS is released in my opinion clarifying the position further and will soon be back up towards 0.7 again and then will build on that.
Not too late to buy in Delano, this will be 2p before you know it.
Big buys showing at over 1.60, bit of a pause then next leg up, next stop 1.80.
I’m saying Shellymarie that there are too many companies that have been undervalued for far too long on AIM, this being one that’s a prime example because of the assets and even at 10p I believe it would still be cheap. Yes things cost money to get out of the ground but it’s this sort of company that a major could happily get on board with. As you know my majority holding is in OMI which I also feel will be huge come the New Year and Thor.
Up we go, this is cheap at 10p let alone 1.65! GGP are getting congratulated by other companies on their ‘World Class’ results.
Big buys coming through, they’ll be the next leg up shortly to take it over 1.60.
Like several on AIM this was oversold with people chasing other rainbows, I’ve held this for ages now and topped up earlier again. Think people got paranoid to be honest but hopefully back over 2p and much higher again now.
(Sharecast News) - Exploration and production outfit Oilex shares plummeted in early trading despite its joint-venture partner having finally submitted the 300m rupees (£3.25m) it had been ordered to do by the High Court of Gujarat earlier in the month.
The court dismissed Gujarat State Petroleum Corporation's request for an extension to a court order in their on-going legal battle just a day earlier.
Gujarat State Petroleum Corporation was directed to deposit 82.5m rupees (£882,866) as well as a 217.5m-rupee (£2.32m) bank guarantee through its registrar by 15 November.
Back in July, Oilex made moves to exercise its option to force Gujarat State Petroleum's withdrawal from its Cambay joint venture as part of the AIM-listed company's efforts to take full control of the asset after the local partner failed to pay its share of expenses.
In mid-August, Gujarat State Petroleum served the interim stay order in order to delay the transfer of its interest to Oilex and on Wednesday, applied to the High Court of Gujarat to extend the stay until 30 November as it sought to clarify financial conditions ahead of arbitration.
Separately, Oilex issued 90.19m new ordinary shares following the conversion of £200,252 worth of loan notes.
I’m completely baffled over this drop, can only expect one serious bounce back up, really can’t see this going much lower now. Hope those that sold were desperate for the money as it’s completely undervalued and oversold now. I reckon that this will be back at its previous highs or higher before the week’s out.
After that news I would expect a big jump up after the drop, that drop was artificial based on the sells if you look at it carefully. Be interesting to see what happens with the price and where it ends up today. Could see a good rise today once news sinks in.
I see someone bought in with about £50k earlier on, a lot of money to be made there!
That’s a great RNS.
Yes, bargain at these prices again but that’s the fun of AIM, probably be up 20% by close. Nothing would surprise me given the liquidity, it was up 50% on opening yesterday!
Exactly, it’s great news whichever way you look at it!
Ps If I was going to make a story up about getting an e-mail I’d embellish it and say something like, ‘He assures me the sp will be at least 50p by this time next year’, (he didn’t say that).
If you think I might be full of it then e-mail them too if you’re genuinely interested. The e-mail is long and contains much we already know anyway, I pasted a couple of extracts from it though for people. It’s an e-mail between me and him though and as such I’m treating it with a degree of privacy, I’m certainly not ‘full of it’, far from it. I voiced a few concerns after the drop and he sent me a very empathetic response back. All I’d say is we shouldn’t be thinking we’re getting an RNS until the report is done but that’s a good thing. People don’t like no news on AIM but this requires just a few weeks of patience.
I e-mailed Orosur a few weeks back and received a reply from a Ryan Cohen, Vice President, Corporate Development. I only realised his e-mail had ended up in my junk folder today. It was a very detailed response and I don’t want to copy the full e-mail but it certainly made me feel comfortable with my investment. Obviously mentioned the 43-101 report being the priority at the moment and just said ‘rushing to the market to say nothing of any consequence is not something we will be doing’, which I liked so we shouldn’t expect any pointless RNS like some companies publish.
He said, ‘thank you for your support for the Company and our Anza Project, we are excited about its future and delighted to have a partner such as Newmont involved on such great terms.’
We just need to let it run its course, early 2019 and things will get exciting and there’s no reason why the sp shouldn’t keep rising until then.